CHROMA - Investor Presentation 2016

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致茂電子股份有限公司

2016 年第 3 季公司概況

財務長應正

2016 年 10 月 24 日

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1
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Disclaimer

This presentation contains some forward-looking statements that are subject to substantial risks and uncertainties. Typically, these statements contain words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “plan”, “forecast”, “project”, “predict”, “potential”, “continue”, “may”, “should”, “will”, and “would” or similar words. You should consider these forward-looking statements carefully because such statements are only our expectations or projections about future events, and actual results may differ materially from those expressed or implied by such statements. The forward-looking statements in this presentation include, but are not limited to, growth rates for various markets estimated by third party sources, future products and technology development, widespread market acceptance of the hosted delivery model, future revenue growth and profitability. You should be cautioned that the forwardlooking statements are no guarantee of our future performance. The forward-looking statements contained in this presentation are made only as of the date of this presentation and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law. This presentation and the information contained herein are the property of Chroma Ate Inc.

議程

• 公司簡介 • 財務數據 • 營運概況 • 問與答

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公司簡介

致茂電子成立於 1984 ，為自有品牌之自動化檢測
解決方案供應商。商品包含提供產業相關之檢測

儀器與設備及整合性自動化測試解決方案。

經營宗旨：精密、可靠、創新。
致茂集團包含致茂主體，威光自動化及日茂新材
料三個事業體。
2015 年合併營收為 9.7 億新台幣。
2015 年淨利為 1.2 億新台幣。
致茂集團截至 2016 年 9 月底員工總數為 2,450 人。
致茂電子執行長黃欽明先生獲美國「哈佛商業評

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致茂主體合併營收日茂新材料合併營收威光自動化合併營收其他

14,148

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8%
11,644
5%
10,171 10,307
9,692
7%
48%
15%
13%
48% 29%
24%
34%
41% 44% 47% 60% 58%
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論」選為 2016 年台灣最佳執行長 50 強。

2011

2012

2013

2014 2015

財務表現

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集團合併總營收集團合併總營收研發費用
營業毛利
營業毛利率
研發費用佔營收比
致茂主體
56%
55%
54% 54%
14,148
5,338
5,135
52%
44%
4,539
11,644 37% 39%
4,174
3,926
10,307
10,171
28% 29% 9,692
17%
16%
15% 15%
12%
784
755
630 637 631
致茂母公司員工數： 1,490  ( 研發人員比重 39%)
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
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財務表現

股東權益報酬率

股利政策

每股盈餘現金股利股票股利配發比率

4.06

19%

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15%
14%
13%
12%
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3.51
3.28
3.21
2.52 2.60
2.50 2.50
2.40
2.00
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2013

2011 2012 2013 2014 2015

**2015 ***

2011

2012

2014

致茂電子全球據點

Global Employees ： 2,450  , Branch Offices x17, Distributors x68

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US :
Irvine/ Santa Clara/
Foothill Ranch, CA
Hong Kong : Neworld Tempe, AZ
Europe : Netherlands
SE Asia: Singapore Japan: Yokohama
China : Beijing / Nanjing / Shanghai / Suzhou
Chongqing / Xiamen / Shenzhen / Dongguan
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財務數據

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2016年累計前三季合併損益表摘要

合併損益表 (單位:佰萬新台幣，除每股盈餘為新台幣元) (尚未經會計師核閱)	2016.1~3Q %	2015.1~3Q % YoY %
淨營業收入	8,849 100%	7,131 100% 24%
量測儀器事業部之合併營收(淨值)	6,640 75%	4,105 58% 62%
威光自動化事業部之合併營收	264 3%	952 13% (72%)
日茂特殊材料事業部之合併營收	1,658 19%	1,745 24% (5%)
其他	287 3%	329 5% (13%)
營業成本	(4,732) (53%)	(4,057) (57%) 17%
營業毛利	4,117 47%	3,074 43% 34%
營業費用推銷管理費用研發費用	(1,729) (20%) (762) (9%)	(1,513) (21%) 14% (646) (9%) 18%
營業淨利	1,626 18%	915 13% 78%
營業外收入及支出	(26) -	251 3% n/a
稅前淨利所得稅費用	1,600 18% (290) (3%)	1,166 16% 37% (205) (3%) 41%
本期淨利	1,310 15%	961 13% 36%
其他綜合損益淨額	(177) (2%)	(30) - n/a
綜合損益總額	$ 1,133 13%	$ 931 13% 22%
淨利歸屬於: 本公司業主非控制權益	1,338 15% (28) -	986 14% 36% (25) (1%) 12%
	$ 1,310 15%	$ 961 13% 36%
每股盈餘	$ 3.54	$ 2.62 35%
	$ 3.31	~~10~~ $ 2.48 33%

資產負債摘要及財務指標

集團合併 (單位：佰萬新台幣) (尚未經會計師核閱) 資產負債摘要現金及流動金融資產存貨短期負債長期負債股東權益	集團合併 (單位：佰萬新台幣) (尚未經會計師核閱) 資產負債摘要現金及流動金融資產存貨短期負債長期負債股東權益		2016. 9月 5,279 1,826 1,411 2,915 10,249	2015. 12月 + / - % 5,116 3% 1,636 12% 333 n/a 3,142 - 7% 9,531 8%
總資產			18,017	16,060 12%
存貨週轉天數應收帳款週轉天數應付帳款週轉天數淨負債資產比(%)			99 87 90 Negative	108 108 91 Negative
股東權益報酬率(%)			18%	13%
資產報酬率(%)			10%	8%
現金流量 (單位：佰萬新台幣) 未計利息稅項折舊及攤銷營業現金流入	2016.前三季 1,887 978	2015.前三季 1,444 1,277		年成長 31% (23%)
自由現金流量	(380)	560		n/a

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股東報酬率及資產報酬率皆已年化。

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自由現金流量 = 營運活動之淨現金流入 + ( 投資活動之淨現金流出 ) 。

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本季重點摘要

第 3 季重點摘要

總營業收入 : $24 億新台幣，

季成長 49% ，年增加 75%

營業毛利率 : 50%
營業利益率 : 26%
淨利 : $5.7 億新台幣，

季成長 30% ，年增加 19%

2016 年第 3 季摘要 :
本季主要成長來自於 Turnkey

。 Solutions ，較上季成長 501%

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營業收入營業毛利
2,373
營業利益率
1,654
1,589
1,356
1,193
57% 1,126 57%
55%
53% 55%
50%
50%
864
26%
25%
23%
22%
20%
16%
13%
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12 2016.2Q 2016.3Q 12

2015.1Q 2015.2Q 2015.3Q 2015.4Q 2016.1Q

2016年第3季損益表摘要(母公司)

損益表摘要(母公司) (單位:佰萬新台幣，除每股盈餘為新台幣元) (尚未經會計師核閱)	2016.3Q %	2016.2Q % QoQ 2015.3Q % YoY % %
淨營業收入	2,373 100%	1,589 100% 49% 1,356 100% 75%
營業成本	(1,186) (50%)	(721) (45%) 64% (610) (45%) 94%
營業毛利	1,187 50%	868 55% 37% 746 55% 59%
營業費用推銷管理費用研發費用	(327) (13%) (251) (11%)	(255) (16%) 28% (235) (17%) 39% (222) (14%) 13% (207) (16%) 21%
營業淨利	609 26%	391 25% 56% 304 22% 100%
營業外收入及支出	55 2%	136 9% (60%) 243 18% (77%)
稅前淨利	664 28%	527 34% 26% 547 40% 21%
所得稅費用	(90) (4%)	(84) (5%) 7% (65) (4%) 38%
本期淨利	$ 574 24%	$ 443 29% 30% $ 482 36% 19%
其他綜合損益淨額	(79) (3%)	(74) (5%) 7% 141 10% n/a
綜合損益總額	$ 495 21%	$ 369 24% 34% $ 623 46% (21%)
每股盈餘(基本)	$ 1.52	$ 1.17 30% $ 1.28 19%
每股盈餘(稀釋)	$ 1.42	$ 1.09 30% $ 1.20 18%

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100% 持有之子公司淨利認列，日茂為獲利 6 佰萬新台幣 ( 季下滑 57% ，年減少 68%) ，威光為獲利 4 仟 4 佰萬新台幣 ( 季成長 214% ，。年增加 110%)

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2016年累計前三季損益表摘要(母公司)

損益表摘要(母公司) (單位:佰萬新台幣，除每股盈餘為新台幣元) (尚未經會計師核閱)	2016.1~3Q %	2015.1~3Q % YoY %
淨營業收入	5,616 100%	3,347 100% 68%
營業成本	(2,728) (49%)	(1,505) (45%) 81%
營業毛利	2,888 51%	1,842 55% 57%
營業費用推銷管理費用研發費用	(817) (14%) (686) (12%)	(673) (20%) 21% (581) (17%) 18%
營業淨利	1,385 25%	588 18% 136%
營業外收入及支出	185 3%	499 15% (63%)
稅前淨利	1,570 28%	1,087 33% 44%
所得稅費用	(232) (4%)	(101) (3%) n/a
本期淨利	$ 1,338 24%	$ 986 30% 36%
其他綜合損益淨額	(173) (3%)	(32) (1%) n/a
綜合損益總額	$ 1,165 21%	$ 954 29% 22%
每股盈餘(基本)	$ 3.54	$ 2.62 35%
每股盈餘(稀釋)	$ 3.31	$ 2.48 33%

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100% 持有之子公司淨利認列，日茂為獲利 3 仟 2 佰萬新台幣 ( 年下滑 18%) ，威光為獲利 5 仟 4 佰萬新台幣。

14 14

資產負債摘要及財務指標

未合併 (單位：佰萬新台幣) (尚未經會計師核閱) 資產負債摘要現金及流動金融資產存貨短期負債長期負債股東權益	未合併 (單位：佰萬新台幣) (尚未經會計師核閱) 資產負債摘要現金及流動金融資產存貨短期負債長期負債股東權益		2016. 9月 3,163 1,460 1,200 2,745 10,076	2015. 12月 + / - % 2,703 17% 1,301 12% 100 n/a 2,988 - 8% 9,410 7%
總資產			16,366	13,965 17%
存貨週轉天數應收帳款週轉天數應付帳款週轉天數淨負債資產比(%)			137 99 88 8%	231 159 101 4%
股東權益報酬率(%)			18%	13%
資產報酬率(%)			12%	9%
現金流量 (單位：佰萬新台幣) 未計利息稅項折舊及攤銷營業現金流入	2016.第3季 710 350	2016.第2季 573 415		季成長年成長 24% 19% (16%) 77%
自由現金流量	(233)	456		n/a n/a

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股東報酬率及資產報酬率皆已年化。

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自由現金流量 = 營運活動之淨現金流入 + ( 投資活動之淨現金流出 ) 。

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營運概況

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各產品線銷售佔比

(單位:百萬新台幣) 量測及自動化檢測設備半導體測試解決方案 Turnkey Solutions 其它		2016.3Q % QoQ YoY 916 39% (4%) 9% 365 15% (1%) 85% 1,015 43% 501% 295% 77 3% (25%) 24%		2016.1~3Q % YoY 2,605 46% 15% 876 16% 64% 1,898 34% 387% 237 4% 58%	2015 % 3,029 67% 759 17% 532 12% 219 4%
Total		2,373 100% 49% 75%		5,616 100% 68%	4,539 100%

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銷售佔比 (累計)

A Turnkey Solution and Intelligent Automation Line Provider

	4,174	3,926	5,135	4,539		5,616
		6%	5%	4%	4%	4%
其他		10%	9%	18%	12%	34%
		17%	21%		17%
				21%
Turnkey Solutions
						16%
半導體測試解決方案
量測及自動化檢測設備
		63%	67%	65%	67%	46%

	2012	2013	2014	2015	2016.1~3Q

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合併營收佔比

(單位:百萬新台幣) (尚未經會計師核閱) 致茂電子 (含海外量測事業子公司) 威光自動化日茂新材料其它		2016.3Q % 2,784 78% 126 4% 554 16% 93 2%	QoQ YoY 43% 67% 30% (1%) 3% (6%) (4%) (18%)		2016.1~3Q % YoY 6,640 75% 62% 264 3% (72%) 1,658 19% (5%) 287 3% (13%)
集團合併營收		3,557 100%	33% 42%		8,849 100% 24%

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2016 年第四季預估

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致茂電子母公司累計前三季之營收主要成長動能來自於 Turnkey 。 Solutions 及半導體檢測設備，分別較去年同期成長 387% 及 64% 。而本業量測及自動化檢測設備同時較去年同期成長 15%

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進入傳統淡季第 4 季，公司將受惠於半導體檢測設備之營收成長貢獻，第四季營收將優於去年同期。

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Business Development Roadmap

Turnkey (Test & Measurement + Automation + MES)

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ICT Industries
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Industry 4.0

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Clean Tech. 2010 2016

21 21

I984

Test Instruments & ATS

TECHNOLOGY

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Power Wider Operation Voltage: Up to1200V 1~60 Series Cell Voltage Simulation
Testing Max. Power: 240kW (parallel) Active and Passive Balance Test
Wide Range Inductance:
Electrical
10~1,000V; 0.1uH~100uH
Safety
High speed: <18mS
FPD Testing 8K x 4K@60Hz 8K x 4K@120Hz
’16 ’16.2H
MARKET Server & Telecom Power/ EV/EVSE/Battery/UHD Display/ Mobile Phone/Power Choke
High Power DC Load
632XXA
BMS ATS
Impulse Winding Tester 8700
19301A
FPD Tester 8K FPD Tester
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SOLUTION

27014

2918

22 22

Test Instruments & ATS

TECHNOLOGY

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High Precision/High Speed
AOI
2D & 3D Measuring
2.5sec/pcs
New Application:
LED Testing
UVA, UVB, UVC
Optical Device Bar Type Sorting High Density Burn-in Module 6” VCSEL Wafer
Testing No Probing Mark 256Ch SMU/module NF &FF Testing
’16 ’16.2H
MARKET 3C Cosmetics/LED/Fiber Optical Communication
Multi-Functional
Dimension Measuring
System 7505
UV LED Chip Prober
58212-C
Laser Diode/Photo Diode Laser Diode Burn-In VCSEL Wafer Probing
Mapping Sorter Test System Test System
58205 58604 58630
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SOLUTION

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Semiconductor Test Solutions

TECHNOLOGY

Touch Sensor/Finger Printing IC testing Analog Testing 256 I/O, 16 bits ADC/DAC Compact Size, Best Cost Of Ownership Logic Testing 256 digital pins, 100Mbps IC Testing Thermal Engine Handler Nitro-TEC (Liquid Nitrogen) ’16 ’16.2H MARKET IoT, Touch Sensor ICs, Finger Printing IC , MCU VLSI Test System 3380D Full Range ATC Cold Temperature Handler 3160C

SOLUTION

24 24

Turnkey Solutions

TECHNOLOGY

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MES Intelligent Process System
Battery
Regenerative CH/DCH System ,
Formation Negative Pressure Formation
’15
‘16
MARKET Industry 4.0 – Battery Cell Formation
Intelligent Battery
Process System
Battery Cell Formation
System 17000
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SOLUTION

25 25

www.chromaate.com

let’s make a better world

Thank You!

26 26

AI assistant

CHROMA Investor Presentation 2016

52029_rns_2016-12-01_ac846291-f5c4-45bb-9083-2de59ca57a47.pdf

Disclaimer

議程

公司簡介

公司簡介

致茂主體合併營收日茂新材料合併營收威光自動化合併營收其他

14,148

財務表現

財務表現

股東權益報酬率

股利政策

致茂電子全球據點

Global Employees ： 2,450  , Branch Offices x17, Distributors x68

財務數據

2016年累計前三季合併損益表摘要

資產負債摘要及財務指標

本季重點摘要

第 3 季重點摘要

2016年第3季損益表摘要(母公司)

2016年累計前三季損益表摘要(母公司)

資產負債摘要及財務指標

營運概況

各產品線銷售佔比

銷售佔比 (累計)

A Turnkey Solution and Intelligent Automation Line Provider

合併營收佔比

2016 年第四季預估

Business Development Roadmap

Test Instruments & ATS

TECHNOLOGY

TECHNOLOGY

SOLUTION

Semiconductor Test Solutions

TECHNOLOGY

TECHNOLOGY

www.chromaate.com

let’s make a better world

Thank You!

AI assistant

CHROMA — Investor Presentation 2016

52029_rns_2016-12-01_ac846291-f5c4-45bb-9083-2de59ca57a47.pdf

Disclaimer

議程

公司簡介

公司簡介

致茂主體合併營收 日茂新材料合併營收 威光自動化合併營收 其他

14,148

財務表現

財務表現

股東權益報酬率

股利政策

致茂電子全球據點

Global Employees ： 2,450  , Branch Offices x17, Distributors x68

財務數據

2016年累計前三季合併損益表摘要

資產負債摘要及財務指標

本季重點摘要

第 3 季重點摘要

2016年第3季損益表摘要(母公司)

2016年累計前三季損益表摘要(母公司)

資產負債摘要及財務指標

營運概況

各產品線銷售佔比

銷售佔比 (累計)

A Turnkey Solution and Intelligent Automation Line Provider

合併營收佔比

2016 年第四季預估

Business Development Roadmap

Test Instruments & ATS

TECHNOLOGY

TECHNOLOGY

SOLUTION

Semiconductor Test Solutions

TECHNOLOGY

TECHNOLOGY

www.chromaate.com

let’s make a better world

Thank You!

More from CHROMA

CHROMA Investor Presentation 2016

致茂主體合併營收日茂新材料合併營收威光自動化合併營收其他